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it entirely with their tax deductions so we either have to increase taxes on the middle class or he would have to have his tax plan add to the deficit and he hasn't been willing to say where he compromised. >> rose: that's where the rubber meets the ground for him. >> though those are all totally legitimate critiques of governor romney's plan, but i think the governor romney is being held to kind of a double standard on these things. i mean, candidate obama opposed an individual mandate on healthcare and got into office and saw the realty reality of where the votes were and decided he was for an individual mandate. >> candidate obama won't tell us what he wants to do on social security and what his ideas are for a grand bargain with the republicans, so i think governor romney on this point, yes, if you take strictly what he said and what he hasn't said it is not cle how itdds up but don't think there any mystery that if he not elected his tax plan would be, would resellable this but there is a way to swear some of the inconsistencies and fill in some of the holes and maybe there wouldn't
it entirely with their tax deductions so we either have to increase taxes on the middle class or he would have to have his tax plan add to the deficit and he hasn't been willing to say where he compromised. >> rose: that's where the rubber meets the ground for him. >> though those are all totally legitimate critiques of governor romney's plan, but i think the governor romney is being held to kind of a double standard on these things. i mean, candidate obama opposed an individual...
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our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't agree with that more. and the deficit gets with bigger and the deficit gets bigger. >> raise taxes and-- >> we've got, okay, adam. can you break this? what do you think? which side are you on here, a fiscal cliff, how do we address this, higher taxes, lower taxes? >> we won't have a sequester for more than a few days. i can see it happening, but it won't last very long. what we have to have higher taxes. >> no, come on. >> and we know that, we will. >> all right i tell you what-- >> you know what, we'll have double dip recession. >> we may be going
our taxes are just too low. we need higher taxes on wealthier people. >> we need jobs. >> there's not going to be a shortage of capital, there's plenty of capital, it's just awash in capital and that's not the problem. >> our problem is not-- is not that taxes are too low, they're not. because if they were lower we'd get more jobs and more revenue, that's exactly what we need, ben, let me tell you something, you raise taxes we're going back-- >> absolutely. i couldn't...
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Oct 1, 2012
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their taxes to offset the tax which brings their trucks in line with restaurants. >>> family guy creator seth mcfarland will host the oscars. he says he's honored and hopes the academy doesn't find out he was master of ceremonies for the roast of charlie sheen. the 2012 acme awards will air -- academy awards will air on february 24th. >> saw that roast with charlie sheen, very funny, a little raunchy but pretty funny. >> 72 was the high, light showers in the metro area, that's kind of the bad news. the good news is we have light showers, nothing heavy for the metro area. october 1st is what, anita? >> it's the start of breast cancer awareness, also domestic violence. there's a lot of awareness months right now. >> let me show you the live shot outside, our live weather cam brought to you by michael and son. >> beautiful, the white house in pink. >> 66 right now, light showers, dew point 53. the temps going down, dew point coming up to meet it, winds out of the west, northwest now at 5 miles an hour. satellite picture radar combined, this is going to be the main focus of the heavy activit
their taxes to offset the tax which brings their trucks in line with restaurants. >>> family guy creator seth mcfarland will host the oscars. he says he's honored and hopes the academy doesn't find out he was master of ceremonies for the roast of charlie sheen. the 2012 acme awards will air -- academy awards will air on february 24th. >> saw that roast with charlie sheen, very funny, a little raunchy but pretty funny. >> 72 was the high, light showers in the metro area,...
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i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will add to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes as one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're all with it and they are arithmetic here figure in place in a growing economy over a ten year period it's really going to be about twenty five trillion mitt romney wants to chop twenty percent off that was twenty percent to twenty five five how can mitt romney stand there and say to all of america i'm not in favor of a five trillion dollar tax cut when you just spent a year running around saying i want to twenty percent across the board tax cut all taxes that's five trillion dollars this math is indisputable when are you going to have to love the conservative defend mitt romney here because i re
i'm not in favor of a five trillion dollar tax cut that's not my plan my plan is not to put in place any tax cut that will add to the deficit that's point one so you may keep referring to it as a five trillion dollar tax cut but that's not my plan ok simple fact we take in about two trillion dollars a year in taxes as one point nine two last trillion dollars last year will be a little over two trillion this year inflation the economy grows over ten years as twenty trillion dollars right we're...
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Oct 1, 2012
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the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for how long and when to get the 0.9% added? >> it is a good question. >> is added after one to $25,000? >> i think it is added after $200,000, or $250,000. i am not sure. right now, the medicare taxes 1.45% on all of your salary income. it would go to 2.35%. >> both sides talk about the $750 billion savings. [laughter] who is right? >> we had both become incredibly frustrated. it has to do with the way this is talked about in washington. it has nothing to do with what real people talk about with real money in their lives. the current projection is medicare spending would increase by hundred
the -- there is a 4.8% tax, an additional 0.9% on your medicare tax. when does that, if you combine it, it is almost 5% increase without reversing of the bush tax cut. >> it is a substantial tax increase. >> for people like us with substantial incomes. >> i am the tax cut. the part of that i would endorse is the increase in the medicare tax. it is on pleasant and it is unpalatable. that is step one. >> what will the average person pay for their medicare tax a month for...
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its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a governor. john: already the honduran legislature passed the bill authorizing the general principles 126-1. they are behind it. >> incredibly popular. congress realizes the best hope for prosperity is to create a special development regions. model that the special development regions that have been so spectacularly successful in china which has cities scale special development regions. also dubai which had 110-acre region that had its own legal system that imported british common law "by international financial center which resulted in billions of dollars of capital flowing in and one of the greatest fin
its own police force, no income tax, no sales tax, no capital gains tax to all the property tax and no federal regulation. it sounds good to me. the man behind it joins us now from honduras. you came on the show a year ago to discuss the idea of a free city and its thousand you have made progress. >> we made considerable progress. we expect we will be able to break ground within 30 days after the honduran government finalizes the legislation identifying the regions and also appointing a...
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payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5% in the red, that's right. neil: if you hear mitt romney saying i'm going to essentially get off your back, going to roll back regulations. he was not specific which, make sure the government cools it on taxes, didn't say to the degree of what allowances and writeoffs and deductions he limits, were you either troubled by the fact it might be a wash? that you, for example, in your case for your catering business, you might see, butch, no tax savings at all, but you might have a lower rate, but can't deduct as much. >> that will kill us. without disposable income for me to spend or gr
payroll tax, real estate tax, gas tax, on and on and on. the president raises the rates to 5%, most businesses work on 5% or 8%. how much more can they sustain? that reduces jobs, kills us. neil: that's your point; right, dave? >> exactly. you know, there's no 5% there. our goal is 2 #.5%, neil. our goal -- >> if we're lucky. neil: goal is 2.5% -- >> in a good economy. 2.5% net in a good economy in the business we do today. add 5% there -- >> you're done. >> 2.5%...
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i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it will or politically either. gerri: interesting days. that is for sure. you will have you back to talk more. when we come back to be searching for a deal, but prescription drugs online presents a all new sets of problems. we will explain. an age-old question resurfacing. can women have it all? are we dissing mother had? this is going to be a panel. you will love it. it will be a lot of fun. ♪ ç gerri: the mill powerhouse giving birth to her first child. she took the helm. see is also making headlines for another reason. this story and others suggesti
i want to cut taxes, president obama wants to raise taxes. historically that has been a devastating argument. for the president and joe biden to talk about raising taxes when you have millions and millions of americans out of work, it does not seem to work, and everyone knows the actual tax hikes will do almost nothing for the deficit. so it is just kind of catnip for the left. let's raise taxes on the rich. class warfare. i don't think it is a successful economic strategy, and i'm not sure it...
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Oct 4, 2012
10/12
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he said he calculates how much they pay in taxes. state income tax, state sales tax, gasoline tax. it added up to well over 50% of what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower the deductions and exemptions. the same idea behind simpson, by the way. lower the deductions and exemptions to create more jobs, because there is nothing better for getting us to a balanced budget than having more people working, earning more money, paying more taxes. that's by far the most effective way to get this budget balanced. >> you may want to move on to another topic, but i would say this to the american people. if you believe that we can cut taxes by $5 trillion and add $2 trillion in additional spending that the military is not asking for, $7 trillion, just to give you a sense, that's more than our entire defense budget, and you think that by closing loopholes an
he said he calculates how much they pay in taxes. state income tax, state sales tax, gasoline tax. it added up to well over 50% of what they earn. your plan is to take the tax rate on successful small businesses from 35% to 40%. the national federation of independent businesses has said that will cost 700,000 jobs. i don't want to cost jobs. my priority is jobs. so what i do is i bring down the tax rates, lower the deductions and exemptions. the same idea behind simpson, by the way. lower the...
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Oct 3, 2012
10/12
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taxes. so you could argue we're already past that tippingpoint. the good news is, survey after survey, poll after poll, still shows that we are a center-right, 70-30 country. 70% of the americans want the american dream. they believe the in the american idea. only 30% want the welfare state. what that tells us at least half of those people currently in that category are there not of their wish or their will. gregg: is this doubling down on the entitlement dependency argument? i know parenthetically our own "fox news poll" found 63% of the americans who indeed agree with the argument that too many folks in america are dependent on the government? >> i think absolutely. i think part of the reason why that tape from paul ryan is not all that surprising is that because of the comments that mitt romney made about the 47%. but whatever, i think that the larger point is that it's not going to be all that shocking because most americans actually agree there is this sort of, we have a problem with en
taxes. so you could argue we're already past that tippingpoint. the good news is, survey after survey, poll after poll, still shows that we are a center-right, 70-30 country. 70% of the americans want the american dream. they believe the in the american idea. only 30% want the welfare state. what that tells us at least half of those people currently in that category are there not of their wish or their will. gregg: is this doubling down on the entitlement dependency argument? i know...
WHUT (Howard University Television)
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Oct 4, 2012
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person and a lot of women don't go into the field of tax. so i think it's a whole bunch of issue that is you have to address. certainly we reaching back out and saying i made it so what can i do to help you? it's certainly part of that process. >> or just teaching women to be more aggressive, to be more self congratulatory as a lot of men are. these characteristics that young women just haven't learned yet how to bargain, how to push, how to show themselves, is that part of it? >> the other aspect of this dentate that there were a lot of men trying to justify the discrepancy because of the abilities. women were less skillful in terms of math and sciences and now we see that the problem is the bias of the people doing the hiring. >> including the women. behind the headlines: a new study on bpa - a plastic additive found in some food packaging and many consumer goods. this week researchers reported more compelling evidence that bpa can disrupt women's reproductive system, alter chromosomes and cause birth defects. earlier this year another stu
person and a lot of women don't go into the field of tax. so i think it's a whole bunch of issue that is you have to address. certainly we reaching back out and saying i made it so what can i do to help you? it's certainly part of that process. >> or just teaching women to be more aggressive, to be more self congratulatory as a lot of men are. these characteristics that young women just haven't learned yet how to bargain, how to push, how to show themselves, is that part of it? >>...
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i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular thing to say but it is not the case. i got five boys and i am used to people saying something that is not always true but keeping on repeating it and hoping i will believe it. that's not the case. i will not reduce taxes paid by high income americans. >> the fact is, if you low are the rates the way you describe, governor, it is not possible to come up with enough deductions and loop holes that only affect high income individuals to avoid raising the deficit or burdening the middle class. it is math. it is arithmetic. >> don't forget you put 90 bill
i call it the economy tax. it has been crushing. >> the cand dates will meet again on october caneth for debate number two. and up first, the only vice-president debate between the respect and paul ryan. >> that's the one we all want to see. thank you so much. >> the president and mitt romney not veering from their messages and taking every chance they could to hit one another on the policies. >> i know that you and your running mate is saying that and it is popular...
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your taxes are going to go up. this is something the romney campaign said over and again is not true but he doesn't go out and vociferously prove that is not true. >> exactly. it shouldn't even be the discussion at this point. the discussion should be that he is not going to permit president obama to raise taxes. he is not going to permit president obama to continue to swell the scale of government and, crush generations of unborn americans. that should be his focus. instead he is talking about tax expenditures and how to close loopholes and broadening marginal tax rates while reducing them. a lot of people are going, what the hell is he talking about? and in fact he needs to get focused now. melissa: here's my question because you're not the only one saying this. >> i know that. i know that. i hate it when i'm not original. melissa: maybe you said it first. >> no, i didn't. >> so is no one saying this to the romney campaign? are they just not hearing it? where is the diskoshth because it is obvious to all of us ou
your taxes are going to go up. this is something the romney campaign said over and again is not true but he doesn't go out and vociferously prove that is not true. >> exactly. it shouldn't even be the discussion at this point. the discussion should be that he is not going to permit president obama to raise taxes. he is not going to permit president obama to continue to swell the scale of government and, crush generations of unborn americans. that should be his focus. instead he is talking...
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Oct 8, 2012
10/12
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because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now buthey paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal reserve obviously wasn't doing what it should have done in the years before the crisis. >> it was paying too much attention to interest rates and not enough attention to employment. >> that was one of the problems. it was not paying enough attention to what the banks were doing. one of the members of the fed actually talked about it. there is a housing bubble going on there is predatory lending going on. you should stop this because if you don't you're going to have a problem. >> greenspan and the rest of the board ignored it. and so that lead to the housing bubble. and predatory lending. the fed has
because 47%, he said didn't pay income taxes. but many of those people pay payroll taxes. many of those are young people, old people, after all, many of the older people may not be paying income taxes now buthey paid their social security contributions. and now they're getting back what they paid for. so to say that they were freeloaders was really denigrating a lifetime of work that they had contributed to. >> rose: where is the federal reserve in all of this? >> the federal...
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yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the facts sometimes and it's got him in trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and whether you concentrate more on the style of barmah because that's what he's now got to make up rather than getting too wonky again to sort of pointy headed and academic but term sure there's got to be there's going to be some explaining and also you know the the big difference in. their present facts is that a farmer is still trying to help the less well off and romney is trying to help the better better off that fact needs to be delineated i don't know whether you would agree with that maybe used you all i don't run it as a weighted by romney's you know in his newfound affection for the no i think it's a very good point rachel do you want to ha
yeah yeah i think he he was he was certainly enlarging the truth on his tax plans and on what he was saying about obamacare medicare he has got some explaining to do over the coming days and weeks because he this is one of the problems with romney that he does play fast and loose with the facts sometimes and it's got him in trouble before i think the question is how hard you are on him on these you know how how serious those mistakes are and whether you concentrate more on the style of barmah...
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policy center explain that look these tax cuts no i'm serious i mean i didn't understand anybody had just me and i wasn't paying twenty percent go ahead well no no well i don't think he really understood the this is the thing or at least he hasn't shown that he does and this is what's confusing to a lot of people who are trying to understand all the bouncing ball and he's talking about basically a twenty percent federal task which he hopes to to make or says he will make revenue neutral by then closing some loopholes and deductions but the biggest deduction i can think of is is maybe mortgage credit and that sort of thing and i don't think you could ever come up with a number of mortgage credit actions that will make up for a twenty percent cut in revenue for the federal government so i think barack obama's trying to get at that equation you saying look the math doesn't work but the problem is that romney said it does you know read it talks about tax policy about like it was just like why don't you get this and the average person might be saying there is where mitt romney actually ha
policy center explain that look these tax cuts no i'm serious i mean i didn't understand anybody had just me and i wasn't paying twenty percent go ahead well no no well i don't think he really understood the this is the thing or at least he hasn't shown that he does and this is what's confusing to a lot of people who are trying to understand all the bouncing ball and he's talking about basically a twenty percent federal task which he hopes to to make or says he will make revenue neutral by then...
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Oct 4, 2012
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he has lied over and over again about the $5 trillion tax cuts. on abc last night, jon karl said that is mostly fiction. multiple times. yes, both of them -- we are going to hear -- there wasn't much of a difference between both of them. i did not see obama differentiate himself -- >> you are planning to vote for mitt romney? >> yes, sir. >> thanks for the culprit last caller -- thanks for the call. at last caller on the independent line. >> i watched the debate last night on mute. >> did you watch it with closed caption? >> yes. i wanted to see the body language. i thought barack obama looked relaxed, a little too relaxed. overall, the body language, and then when i read the text, i think mitt romney shows a lack of integrity. that was the thing that kind of really bothered me, because he looked into the camera and said things that have been tested as far as being mostly false. i do believe that the president missed some opportunities. as a person who follows everything very closely, i did not want to hear something repeated, but i understand how
he has lied over and over again about the $5 trillion tax cuts. on abc last night, jon karl said that is mostly fiction. multiple times. yes, both of them -- we are going to hear -- there wasn't much of a difference between both of them. i did not see obama differentiate himself -- >> you are planning to vote for mitt romney? >> yes, sir. >> thanks for the culprit last caller -- thanks for the call. at last caller on the independent line. >> i watched the debate last...
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Oct 5, 2012
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give them tax breaks. do not tax them or do anything wrong to them. if you tax them more, they will not want to grow. they will not want to hire people. give them tax breaks. >> how do you think the race will go in florida? for mitt'm voting romney. >> next caller is on our independent line. go ahead. caller: this is wade. >> go ahead with your comments. caller: it is important to us that governor romney is talking about first amendment rights and religious freedom. sometimes that gets played over in america. as victims in a church in mississippi, we have had many a salted. we're not even allowed to eat in certain restaurants. we are hoping that the religious persecution, which has been ongoing, perhaps when mr. romney becomes our next president, we are hoping that whoever gets the office, we have the worst civil rights violation in mississippi and the correction in the local and state government in mississippi. lives are being hurt. children are being kidnapped. i was very motivated to your mitt romney talk about the first amendment. >> we will get a
give them tax breaks. do not tax them or do anything wrong to them. if you tax them more, they will not want to grow. they will not want to hire people. give them tax breaks. >> how do you think the race will go in florida? for mitt'm voting romney. >> next caller is on our independent line. go ahead. caller: this is wade. >> go ahead with your comments. caller: it is important to us that governor romney is talking about first amendment rights and religious freedom. sometimes...